Global Value Chains in the Era of the COVID-19 Pandemic: Symptoms of Deglobalization
| Autor: | Bogusława Drelich-Skulska, Sebastian Bobowski, Jan Gola |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Value (ethics)
Labor mobility media_common.quotation_subject COVID-19 Pandemic 2020- -- Influence Scopus Globalization -- Economic aspects International trade Deglobalization World Development Indicators General Business Management and Accounting Reshoring Business logistics Development economics International economic relations Business Psychological resilience General Economics Econometrics and Finance Productivity Business networks media_common |
| Zdroj: | EUROPEAN RESEARCH STUDIES JOURNAL. :905-913 |
| ISSN: | 1108-2976 |
| DOI: | 10.35808/ersj/2532 |
| Popis: | PURPOSE: The COVID-19 pandemic significantly affected the performance of global value chains (GVCs) due to lockdowns, restricted labor mobility, and consumers’ access to retail markets. Authors verify the research hypothesis as follows: recent disruptions in GVCs will induce reshoring and permanent reconfiguration of economic activity whereas enhancing deglobalization. DESIGN/METHODOLOGY/APPROACH: Authors conducted a critical analysis of economic papers registered in the Web of Science and Scopus databases and ratio analysis based on the World Bank’s World Development Indicators and Reports. FINDINGS: Authors argued that the reshoring of GVCs seems to lack solid, far-reaching economic premises, whereas policy recommendations in favor of enhancing GVCs’ stability and resilience proved to be significant. PRACTICAL IMPLICATIONS: Authors provided a set of policy recommendations regarding enhancing the stability and resilience of GVCs when facing shocks such as the COVID-19 pandemic to minimize negative impacts related to reshoring and reconfiguring economic activity, e.g., discouraging productivity and competitiveness across regions, industries, and enterprises. ORIGINALITY/VALUE: The paper discusses current and vital issues associated with implications of the COVID-19 pandemic for GVCs activities, providing valuable policy recommendations for mitigating deglobalization trends. The project is financed by the Ministry of Science and Higher Education in Poland under the programme "Regional Initiative of Excellence" 2019 - 2022 project number 015/RID/2018/19 total funding amount 10 721 040,00 PLN". peer-reviewed |
| Databáze: | OpenAIRE |
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